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The proposition that labour market adjustments to intra-industry trade are less costly than adjustments to inter-industry trade is a widely-held belief amongst trade economists. If it is the case that there are significant sector-specific skills, then this ‘smooth adjustment hypothesis’...
Persistent link: https://www.econbiz.de/10005661849
While the impact of globalization on income inequality has received a lot of attention,little is known about its effect …
Persistent link: https://www.econbiz.de/10011196036
International trade theory is a general-equilibrium discipline, yet most of the standard portfolio of research focuses on the production side of general equilibrium. In addition, we do not have a good understanding of the relationship between characteristics of goods in production and...
Persistent link: https://www.econbiz.de/10011084527
This paper investigates the effects of services offshoring on wages using individual-level data combined with industry … real wages. Hence, offshoring has contributed to a widening of the wage gap between skilled and less skilled workers. This …
Persistent link: https://www.econbiz.de/10009359484
layer is very positively (negatively) correlated with value added. We then explore the changes in the wages and number of … expand substantially add layers and pay lower average wages in all pre-existing layers. In contrast, firms that expand little … and do not reorganize pay higher average wages in all pre-existing layers. …
Persistent link: https://www.econbiz.de/10011084412
Our paper investigates the link between international outsourcing and wages utilizing a large household panel and …-level studies. We find that outsourcing has had a marked impact on wages. Applying two alternative skill classifications we find … to 1.5% while it increased wages for high-skilled workers by up to 2.6%. This result is robust to a number of different …
Persistent link: https://www.econbiz.de/10005497784
Worker industry affiliation plays a crucial role in how trade policy affects wages in many trade models. Yet, most … research has focused on how trade policy affects wages by altering the economy-wide returns to a specific worker characteristic … liberalizations in Colombia in the 1980s and 1990s to investigate the relationship between protection and industry wages. Using the …
Persistent link: https://www.econbiz.de/10005136441
determinants receive, at least in Germany. While wages are affected negatively by a relative increase in imports, immigration …
Persistent link: https://www.econbiz.de/10005114454
linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal … experiments are considered. First, we show that trade liberalization under minimum wages differs significantly from trade …
Persistent link: https://www.econbiz.de/10004964417
reveals substantial and increasing deviations in relative skilled wages across labour markets in both 1972 and 1992. These …
Persistent link: https://www.econbiz.de/10005662030